Yantian Port affects the super Suez Canal event? Congestion and rising prices have blocked the export of fruits in many countries

According to Shenzhen, on June 21, the daily throughput of Yantian port area has recovered to about 24000 standard containers (TRU). Although nearly 70% of the port terminal operation capacity has been restored, the squeeze caused by the early shutdown and slow operation has led to the deterioration of port congestion.

It is reported that the container handling capacity of Yantian port can reach 36000 TEU per day. It is the fourth largest port in the world and the third largest port in China. It undertakes more than 1 / 3 of Guangdong’s foreign trade import and export and 1 / 4 of China’s trade with the United States. On June 15, the average stay time of export containers at Yantian Port Terminal reached 23 days, compared with 7 days in the past. According to Bloomberg, 139 cargo ships have been stranded in the port. During the period from June 1 to June 15, 298 cargo ships with a total capacity of more than 3 million boxes chose to skip Shenzhen and do not call at the port, and the number of ships jumping at the port in one month increased by 300%.

Yantian Port mainly affects Sino US trade. At present, there is a 40% imbalance in container supply in North America. The slowdown of Yantian Port has a domino effect on international logistics and global supply chain, making the major ports under pressure even worse.

Seaexplorer, a container transportation platform, pointed out that on June 18, 304 ships were waiting for berths in front of ports around the world. It is estimated that 101 ports around the world have congestion problems. Industry analysts believe that Yantian Port has accumulated 357000 TEU in 14 days, and the number of congested containers has exceeded 330000 TEU caused by the stranding of Changci, resulting in the congestion of Suez Canal. According to the global container freight rate index released by Drewry, the freight rate of 40 foot container increased by 4.1%, or $263, to $6726.87, 298.8% higher than a year ago.

June was the peak of Citrus harvest in South Africa. The South African Citrus Growers Association (CGA) said that South Africa had packed 45.7 million cases of Citrus (about 685500 tons) and transported 31 million cases (465000 tons). The freight required by local exporters has reached US $7000, compared with us $4000 last year. For perishable products such as fruits, in addition to the pressure of rising freight, export delays have also caused a large number of citrus to be wasted, and the profits of exporters have been compressed again and again.

Australian shipping practitioners suggest that local shippers who plan to export to ports in southern China in the next two weeks should make plans in advance, transfer to other nearby ports, or consider air transportation.

Some fresh fruits from Chile also enter the Chinese market through Yantian port. Rodrigo y á ñ EZ, Vice Minister of international economic relations of Chile, said that he would continue to pay attention to the port congestion in southern China.

Yantian port is expected to return to normal operation level by the end of June, but international Yunjia will continue to rise. It is expected that it will not change until the fourth quarter of this year at the earliest.

Post time: Aug-17-2021